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KUALA LUMPUR: CIMB Equities Research has downgraded Pharmaniaga to Reduce from Hold as its valuation is rich relative to its peers in the region.
Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.
NEW YORK: The International Monetary Fund sees Singapore’s economic growth slowing to 2% in 2019 as global trade tensions hurt external demand.
Comment - Pankaj C. Kumar PLUS Malaysia Bhd is a national asset owned by all Malaysians via UEM Group Bhd’s 51% stake in the company, which in turn is wholly-owned by Khazanah Nasional, the government’s sovereign wealth fund.
THE massive Battersea Power Station (BPS) regeneration project in London that began in 2013 has been facing headwinds in the last couple of years.
KUALA LUMPUR: Khazanah Nasional Bhd’s divestment of almost RM50bil worth of assets in less than 10 years is to enable the sovereign wealth fund to crystallise the value of its investments and to fund its operations as well as investment activities.